Shares of Digital Ally Inc. (NASDAQ:DGLY) traded up 7.4% on Thursday . The stock traded as high as $4.49 and last traded at $4.04, with a volume of 204,793 shares trading hands. The stock had previously closed at $3.76.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Digital Ally from a “hold” rating to a “sell” rating in a research note on Monday, May 16th. Roth Capital raised shares of Digital Ally to a “hold” rating in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $14.85.

The firm has a 50-day moving average price of $3.72 and a 200 day moving average price of $4.96. The stock’s market capitalization is $21.25 million.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.11. The firm had revenue of $4.41 million for the quarter, compared to analyst estimates of $5.40 million. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Digital Ally Inc. will post ($0.87) EPS for the current year.

Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.